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4w ago

Celtics Sale Closes as Bill Chisholm Becomes Team Governor

Wyc Grousbeck stays on as CEO running day-to-day operations after dropping below the ownership threshold to serve as governor.

David Butler II-Imagn Images
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Apr 4, 2025; Boston, Massachusetts, USA; Bill Chisholm, center, who leads a group that is buying the Boston Celtics, stands with current owner Wyc Grousbeck and Chisholm’s wife, Kimberly Chisholm before the game between the Boston Celtics and the Phoenix Suns at TD Garden. Mandatory Credit: Winslow Townson-Imagn Images

Overview

  • The team confirmed Tuesday that the NBA-approved transfer of majority control has closed, finalizing Chisholm’s purchase.
  • Chisholm now holds at least 51% and assumes the governor role; full control is expected by 2028 in a deal valued around $6.1 billion, a record price for a U.S. pro team, with a final price projected near $7.3 billion.
  • Grousbeck remains a co-owner, becomes an alternate governor, and will run daily operations, as he no longer meets the NBA’s at-least-15% stake requirement to be the primary governor.
  • Aditya Mittal is named an alternate governor and major investor, with prior reporting indicating a roughly $1 billion commitment and an expectation he is the second-largest stakeholder in the group.
  • Other shareholders named by the team include Bruce Beal, Andrew Bialecki, Dom Ferrante, Robert Hale, Mario Ho, Ian Loring, and investment firm Sixth Street.